Point allocation : Analyze a business problem through a mathematical model
business
Description
Analyze a business problem through a mathematical model
Decide on a solution to a business problem that factors in constraints.
You are the owner of a company, called AltGen, that produces and markets alternators and generators in the North American market. Your company has recently received a large order from a preferred customer for alternators and generators. Each alternator and generator requires specialized wiring and bolts to produce. The table below summarizes the requirements of demand, bolts, and wiring per unit of alternator and generator.
You are the owner of a company, called AltGen, that produces and markets alternators and generators in the North American market. Your company has recently received a large order from a preferred customer for alternators and generators. Each alternator and generator requires specialized wiring and bolts to produce. The table below summarizes the requirements of demand, bolts, and wiring per unit of alternator and generator.
How many alternators and generators should AltGen produce itself, and what number of these products should it purchase from GenAdd in order to fill the customer demand at the lowest possible cost?
